This property looks like a bad Mid-Term investment with a projected -10.84% first-year return on $162k initial cash invested.
-10.84%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$4,480
Rent
-$1,462
Cashflow
Cash Flow
$4,480 income − $5,942 expenses = $1,462 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,849
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,480
Total Expenses
$5,942
Mortgage P&I
85%
$3,793
Property Taxes
9%
$384
Home Insurance
5%
$242
HOA
0%
$0
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$493